Fixed Deposit (FD) Calculator

Calculate maturity amount and interest earned on your Fixed Deposits.

Maturity Amount

₹
Invested Amount ₹
Total Interest Earned ₹

How to Use FD Calculator?

  1. Investment Amount: Enter the principal amount you are depositing.
  2. Interest Rate: Enter the annual interest rate provided by the bank.
  3. Tenure: Specify the duration of the deposit in Years or Months.
  4. Compounding Frequency: Select how often interest is compounded (Quarterly is standard).
  5. Result: View the detailed breakup of your Maturity Amount and Interest Earned.
  6. News: For latest Finance related news go to The Hind Press

Did you know?

FD rates are higher for Senior Citizens! Most banks offer an additional 0.50% interest rate to citizens above 60 years of age.

Frequently Asked Questions

For most banks in India, Fixed Deposit interest is compounded Quarterly (every 3 months). However, some schemes may offer monthly or yearly payouts.
Yes, interest earned on Fixed Deposits is fully taxable. Banks may deduct TDS (Tax Deducted at Source) if the interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Premature withdrawal is allowed, but banks usually charge a penalty (e.g., 0.5% to 1%) and pay a lower interest rate corresponding to the actual period the deposit was held.

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